The interest rate charged to the borrower, excluding expenses
such as account opening and account keeping fees. The APR is the
basic cost of your credit as a percentage of the total loan amount.
Please note that even one credit card will have more than one APR -
one for purchases, one for cash advances and one that is charged if
you make late payments. A rate that includes all fees is known as a
Last updated: 28 Sep 2017